• Cuba passes ‘urgent’ reforms to liberalise economy under US pressure — Financial Times - 20:20
• Stranded Ships Hoping for Escape Find a Turbulent Strait of Hormuz — The New York Times Business - 20:14
• Labour MPs fear they will lose their seats if Starmer remains in Number 10 — Financial Times - 19:50
• Israel and Hizbollah agree ceasefire — Financial Times - 19:12
• Starmer under growing pressure to quit after Burnham’s by-election victory — Financial Times - 18:57
• How Andy Burnham won Makerfield — Financial Times - 18:29
• Unseating Starmer: Burnham’s next move — Financial Times - 18:11
• Third Heathrow runway would add just 0.05% to UK GDP, government finds — Financial Times - 18:02
• Oil Prices Rise as U.S.-Iran Deal Faces Tests — The New York Times Business - 17:15
• Basic Materials Roundup: Market Talk — Wall Street Journal - 17:04

An Israel-Hezbollah ceasefire offers a glimpse of stability while the US-Iran deal faces tests, impacting global oil prices and Strait of Hormuz shipping as Iran seeks insurance fees and access to frozen funds, though inflation concerns persist.

• Israel and Hizbollah agree ceasefire — Financial Times -
• How Deal With U.S. Could Reconnect Iran to the Global Economy — The New York Times Business -
• Oil Prices Wobble as U.S.-Iran Deal Faces Tests — The New York Times Business -

• What’s the State of Play in the Strait of Hormuz? — Wall Street Journal -
• In a Still Turbulent Strait of Hormuz, Stranded Ships Wait for Clarity — The New York Times Business -
• For India, the Return of Iranian Oil Cannot Come Soon Enough — The New York Times Business -
• Iran deal brings little relief for inflation-wary central banks — Financial Times -
• Iran to seek ‘insurance fees’ for passage through Strait of Hormuz — Financial Times -
• Hormuz Reopening Shifts Focus to Gulf Oil Storage and Shipping — Wall Street Journal -
• Iran postponed US talks due to Israeli strikes on Lebanon, diplomats say — Financial Times -
• Inflation Will Linger Despite U.S.-Iran Deal, British Officials Warn — The New York Times Business -
• Iran to get access to $6bn of frozen funds to buy US goods — Financial Times -
• Reaching a nuclear deal with Iran will be much harder than in 2015 — Financial Times -
• Donald Trump made Iran’s stocks great again — Financial Times -
• Iran’s ships head homeward to Gulf for ‘business as usual’ after US deal — Financial Times -
• From human urine to worm manure: unusual fertilisers boosted by Gulf conflict — Financial Times -
• JD Vance lashes out at Israeli government over Iran deal criticism — Financial Times -

Andy Burnham's by-election victory intensifies Labour leadership speculation and calls for Prime Minister Starmer's departure, against a backdrop of Reform UK's electoral woes and the UK's challenging fiscal borrowing surge.

• Transport secretary calls on Starmer to go — Financial Times -
• Andy Burnham will need to play a new card now — Financial Times -
• Tories’ Scotland victory adds to Reform UK’s woes — Financial Times -

• Allies insist Starmer is ready to fight — Financial Times -
• FirstFT: Labour’s Andy Burnham wins crucial UK by-election — Financial Times -
• Can anyone stop Burnham from becoming Labour leader? — Financial Times -
• ‘Abysmal’: Farage’s Reform UK suffers another by-election blow — Financial Times -
• UK’s May borrowing surge lays bare fiscal hurdles that Burnham would face — Financial Times -
• Nigel Farage should be worried — Financial Times -
• What Burnham now needs to do to become prime minister — Financial Times -
• Burnham’s victory sets up challenge to Starmer — Financial Times -

New Fed chair insights are moving rate markets, while the EU plans to ease bank capital flow barriers, and concerns rise over China's economic slowdown, Japan's soft inflation, Canada's retail sales growth and rising US student loan rates.

• Warsh’ed and gleaned — Financial Times -
• EU set to remove barriers to banks’ cross-border capital flows — Financial Times -
• Russian central bank chief’s absence stirs succession talk — Financial Times -

• Rates on New Student Loans Will Rise on July 1 — The New York Times Business -
• Canada Retail Sales Continue to Rise, Buoyed by Higher Gas Prices — Wall Street Journal -
• How China’s economic comeback hit a wall — Financial Times -
• Soft Japan inflation will not ease BoJ fears of falling behind the curve — Financial Times -
• A reprieve for gilts — Financial Times -
• ‘Hawkish shift’ in US rates upends global currency bets — Financial Times -
• MSCI flags investability concerns in Indonesia over transparency — Financial Times -
• India’s late monsoon has economists, investors and farmers worried — Financial Times -

UniCredit's increased stake in Commerzbank, Disney's core strategy, and India's Jio float highlight corporate maneuvers, as 3-D printing revolutionizes batteries, AI usage costs strain budgets, and SpaceX's valuation remains a speculative topic.

• UniCredit to Lift Commerzbank Stake to 42.5% After Initial Offer Period — Wall Street Journal -
• The Core Disney Strategy Behind Its Empire, According to the Hosts of ‘Acquired’ — Wall Street Journal -
• Indian billionaire Mukesh Ambani files for blockbuster Jio float — Financial Times -

• Tech Investor Prosus Posts Core Earnings Rise on Growth Across Units, Tencent — Wall Street Journal -
• Medallia’s collapse turns private credit into a private equity problem — Financial Times -
• The Secret Revolution in Battery Technology: 3-D Printing — Wall Street Journal -
• Don’t blame passive investors if SpaceX is mispriced — Financial Times -
• Chinese Autonomous-Driving Unicorn Targets $1 Billion Hong Kong IPO — Wall Street Journal -
• KPMG’s new chief apologises for treatment of Australian whistleblower — Financial Times -
• How Much Is SpaceX Really Worth? — The New York Times Business -
• The tech giant mining Wall Street for AI cash — Financial Times -
• Netflix open to more deals with traditional TV — Financial Times -
• Inside Palantir’s fight over the future of the NHS — Financial Times -
• Have You Bought a Tesla Recently? We Want to Hear From You. — The New York Times Business -
• Tower Research muscles in on fast-growing fixed-income ETFs — Financial Times -
• ‘We created a monster’: companies rein in AI usage as costs strain budgets — Financial Times -
• China wanted western tech. Now, the tables have turned. With John Minnich — Financial Times -

Cuba's economic liberalization under US pressure and intensifying US-Canada-Mexico trade talks mark diplomatic activity, alongside US trade investigations into Germany and the EU's cautious approach to trade confrontation with China.

• Cuba passes ‘urgent’ reforms to liberalise economy under US pressure — Financial Times -
• How to lose a war in three easy steps — Financial Times -
• Meloni accuses Trump of pandering to west’s enemies — Financial Times -

• EU official’s outreach to Russia backfires — Financial Times -
• Congress Is Anxious as U.S.-Canada-Mexico Trade Talks Intensify — The New York Times Business -
• Rich EU states ‘not an ATM’, Austria warns as budget battle begins — Financial Times -
• US launches trade investigation into Germany’s spending on new medicines — Financial Times -
• EU delays trade confrontation with China — Financial Times -

Rising chemical accidents in the U.S. highlight safety concerns, while the passing of Gerald Shreiber (the 'soft pretzel king') and the growth of local burger chains showcase industry developments, and Las Vegas's shift to a luxury destination reflects evolving consumer trends.

• Serious Chemical Accidents Are Rising in the U.S.—and Getting More Dangerous — Wall Street Journal -
• Gerald Shreiber, Who Turned the Soft Pretzel Into a Ubiquitous Stadium Snack, Dies at 84 — Wall Street Journal -
• The Knicks’ victory points to the value of scarcity — Financial Times -

• Colby College Is Stepping In to Save a Maine Town on the Brink of Disaster — The New York Times Business -
• Basic Materials Roundup: Market Talk — Wall Street Journal -
• How to host a Bangkok barbecue — Financial Times -
• Local Burger Chains Are Winning the Fast-Food Wars — Wall Street Journal -
• Is Rote the new Bali? — Financial Times -
• A Viral Knicks Moment, Brought to You by a Prediction Market — The New York Times Business -
• Whistleblower kidnapped after explosive South Sudan revelations — Financial Times -
• The Maharaja of Jaipur talks taste — Financial Times -
• Vegas Was Once America’s Bargain Vacation. Now It’s a Luxury Destination. — Wall Street Journal -